The global thermal batteries for military market was valued at $149.1 million in 2023, and is projected to reach $274.2 million by 2033, growing at a CAGR of 6.4% from 2024 to 2033.
A thermal battery is a type of energy storage device that stores energy in the form of heat. Thermal batteries, also known as thermoelectric or molten salt batteries, are critical components in various military applications due to their unique characteristics and reliable performance under extreme conditions. These batteries operate by using a solid-state electrolyte that becomes conductive when heated to high temperatures, typically achieved through an internal pyrotechnic charge.
As military technologies advance and become more sophisticated, the demand for thermal batteries is expected to grow during the forecast period. Their compact size, high energy density, and resilience make them indispensable for powering various military devices such as guided missiles, artillery systems, unmanned aerial vehicles (UAVs), and portable communication equipment. All these factors are expected to drive the growth of the thermal batteries for military market during the forecast period.
However, thermal batteries are highly specialized devices designed to provide instant power in critical situations, however, they operate by relying on high-temperature electrochemical reactions initiated by melting the electrolyte. In extremely cold environments, this activation process becomes delayed or requires more energy, potentially compromising the rapid response capabilities essential for many military operations.
Moreover, excessive heat has led to thermal degradation, affecting the battery's longevity and stability, which reduces its overall reliability during extended missions in harsh climates. This vulnerability poses challenges to their use in diverse global military settings, particularly in regions with extreme temperature fluctuations. All these factors hamper the thermal batteries for military market growth.
Advancements in thermal battery technology for military applications offer significant opportunities to address existing limitations and expand their utility across a broader range of defense operations. Innovations focused on enhancing the performance of thermal batteries under extreme conditions, such as improved thermal insulation and faster activation times, have enabled greater reliability and efficiency in harsh environments. Cutting-edge materials and engineering techniques are explored to optimize electrolyte compositions, extend operational life, and minimize energy losses during activation.
These technological strides ensure that thermal batteries remain resilient and responsive, even in extreme temperatures, bolstering their appeal for mission-critical uses where performance cannot be compromised. All these factors are anticipated to offer new growth opportunities for the thermal batteries for military market during the forecast period.
The thermal batteries for military market is segmented into voltage, application, and region. On the basis of voltage, the market is classified into 10 V to 50 V, 51 V to 100 V, and above 101 V. By application, the market is divided into artillery, missiles, space crafts, and rockets. Region-wise the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of voltage, the market is classified into 10 V To 50 V, 51 V To 100 V, and above 101 V. The 10 V To 50 V segment accounted for less than half of global thermal batteries for military market share in 2023 and is expected to maintain its dominance during the forecast period. The development of advanced materials and manufacturing techniques is enabling the production of more efficient thermal batteries.
These innovations allow for higher energy densities, faster recharge times, and greater stability, all of which align with the military's push for enhanced operational capabilities. Thermal batteries in this voltage range are becoming increasingly preferable due to their extended shelf life, reduced maintenance requirements, and the ability to perform reliably in diverse operational conditions, including in chemical, biological, radiological, and nuclear (CBRN) environments.
By application, the market is divided into artillery, missiles, space crafts and rockets. The missiles region accounted for more than three-fifths of global thermal batteries for military market share in 2023 and is expected to maintain its dominance during the forecast period. The extended shelf life and low maintenance requirements of thermal batteries make them ideal for use in missiles.
Military missiles are stored for long periods before being deployed, and thermal batteries remain in a dormant state for years without losing their charge or degrading in performance. This long shelf life reduces the need for frequent maintenance or recharging, ensuring that missiles are ready for deployment at any given moment. This is particularly important for strategic missile systems that are not used regularly but must be maintained at optimal readiness.
Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The North America region accounted for more than two-fifths of global thermal batteries for military market share in 2023 and is expected to maintain its dominance during the forecast period. The growing focus on energy efficiency and sustainability within European defense policies plays a role in driving the adoption of thermal batteries.
As part of broader initiatives to reduce carbon footprints and improve the environmental sustainability of defense systems, European military forces are seeking energy solutions that offer high efficiency with minimal environmental impact. Thermal batteries, with their long shelf life, low maintenance requirements, and energy-dense properties, align well with these goals. They allow for the storage and use of energy in a manner that does not contribute significantly to emission that makes them a key component in Europe’s push toward more sustainable military operations.
Key players in the thermal batteries for military market include EaglePicher Technologies, Diehl Stiftung & Co. KG, ASB GROUP, ENERSYS, HBL Germany GmbH, Epsilor-Electric Fuel Ltd., Bren-Tronics, Inc., RAFAEL Advanced Defense Systems Ltd., and TÜBİTAK Defense Industries Research and Development Institute.
A thermal battery is a type of energy storage device that stores energy in the form of heat. Thermal batteries, also known as thermoelectric or molten salt batteries, are critical components in various military applications due to their unique characteristics and reliable performance under extreme conditions. These batteries operate by using a solid-state electrolyte that becomes conductive when heated to high temperatures, typically achieved through an internal pyrotechnic charge.
As military technologies advance and become more sophisticated, the demand for thermal batteries is expected to grow during the forecast period. Their compact size, high energy density, and resilience make them indispensable for powering various military devices such as guided missiles, artillery systems, unmanned aerial vehicles (UAVs), and portable communication equipment. All these factors are expected to drive the growth of the thermal batteries for military market during the forecast period.
However, thermal batteries are highly specialized devices designed to provide instant power in critical situations, however, they operate by relying on high-temperature electrochemical reactions initiated by melting the electrolyte. In extremely cold environments, this activation process becomes delayed or requires more energy, potentially compromising the rapid response capabilities essential for many military operations.
Moreover, excessive heat has led to thermal degradation, affecting the battery's longevity and stability, which reduces its overall reliability during extended missions in harsh climates. This vulnerability poses challenges to their use in diverse global military settings, particularly in regions with extreme temperature fluctuations. All these factors hamper the thermal batteries for military market growth.
Advancements in thermal battery technology for military applications offer significant opportunities to address existing limitations and expand their utility across a broader range of defense operations. Innovations focused on enhancing the performance of thermal batteries under extreme conditions, such as improved thermal insulation and faster activation times, have enabled greater reliability and efficiency in harsh environments. Cutting-edge materials and engineering techniques are explored to optimize electrolyte compositions, extend operational life, and minimize energy losses during activation.
These technological strides ensure that thermal batteries remain resilient and responsive, even in extreme temperatures, bolstering their appeal for mission-critical uses where performance cannot be compromised. All these factors are anticipated to offer new growth opportunities for the thermal batteries for military market during the forecast period.
The thermal batteries for military market is segmented into voltage, application, and region. On the basis of voltage, the market is classified into 10 V to 50 V, 51 V to 100 V, and above 101 V. By application, the market is divided into artillery, missiles, space crafts, and rockets. Region-wise the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of voltage, the market is classified into 10 V To 50 V, 51 V To 100 V, and above 101 V. The 10 V To 50 V segment accounted for less than half of global thermal batteries for military market share in 2023 and is expected to maintain its dominance during the forecast period. The development of advanced materials and manufacturing techniques is enabling the production of more efficient thermal batteries.
These innovations allow for higher energy densities, faster recharge times, and greater stability, all of which align with the military's push for enhanced operational capabilities. Thermal batteries in this voltage range are becoming increasingly preferable due to their extended shelf life, reduced maintenance requirements, and the ability to perform reliably in diverse operational conditions, including in chemical, biological, radiological, and nuclear (CBRN) environments.
By application, the market is divided into artillery, missiles, space crafts and rockets. The missiles region accounted for more than three-fifths of global thermal batteries for military market share in 2023 and is expected to maintain its dominance during the forecast period. The extended shelf life and low maintenance requirements of thermal batteries make them ideal for use in missiles.
Military missiles are stored for long periods before being deployed, and thermal batteries remain in a dormant state for years without losing their charge or degrading in performance. This long shelf life reduces the need for frequent maintenance or recharging, ensuring that missiles are ready for deployment at any given moment. This is particularly important for strategic missile systems that are not used regularly but must be maintained at optimal readiness.
Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The North America region accounted for more than two-fifths of global thermal batteries for military market share in 2023 and is expected to maintain its dominance during the forecast period. The growing focus on energy efficiency and sustainability within European defense policies plays a role in driving the adoption of thermal batteries.
As part of broader initiatives to reduce carbon footprints and improve the environmental sustainability of defense systems, European military forces are seeking energy solutions that offer high efficiency with minimal environmental impact. Thermal batteries, with their long shelf life, low maintenance requirements, and energy-dense properties, align well with these goals. They allow for the storage and use of energy in a manner that does not contribute significantly to emission that makes them a key component in Europe’s push toward more sustainable military operations.
Key players in the thermal batteries for military market include EaglePicher Technologies, Diehl Stiftung & Co. KG, ASB GROUP, ENERSYS, HBL Germany GmbH, Epsilor-Electric Fuel Ltd., Bren-Tronics, Inc., RAFAEL Advanced Defense Systems Ltd., and TÜBİTAK Defense Industries Research and Development Institute.
Key findings of the study
- By voltage, the 51 V to 100 V segment is anticipated to grow at the fastest CAGR during the forecast period.
- On the basis of application, the missiles segment is anticipated to grow at the fastest CAGR of 6.5% during the forecast period.
- Region-wise, North America has the highest share in 2023 in terms of revenue.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the thermal batteries for military market analysis from 2023 to 2033 to identify the prevailing thermal batteries for military market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the thermal batteries for military market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global thermal batteries for military market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update* (with the purchase of an enterprise license)
- 5 additional Company Profiles, pre- or post-purchase, as a free update.
- Free Updated Version (once released) with the purchase of an enterprise user license.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- Analysis of raw material in a product (by %)
- Investment Opportunities
- Product Benchmarking / Product specification and applications
- Supply Chain Analysis & Vendor Margins
- Upcoming/New Entrant by Regions
- Technology Trend Analysis
- New Product Development/ Product Matrix of Key Players
- Regulatory Guidelines
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Criss-cross segment analysis- market size and forecast
- Expanded list for Company Profiles
- Historic market data
- Import Export Analysis/Data
- Key player details (including location, contact details, supplier/vendor network etc. in excel format)
- List of customers/consumers/raw material suppliers- value chain analysis
- Market share analysis of players at global/region/country level
- SWOT Analysis
Key Market Segments
By Voltage
- 10 V to 50 V
- 51 V to 100 V
- Above 101 V
By Application
- Missiles
- Artillery
- Space Crafts and Rockets
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- ASB GROUP
- Bren-Tronics, Inc.
- Diehl Stiftung & Co. KG
- EaglePicher Technologies, LLC
- EnerSys
- Epsilor-Electric Fuel Ltd.
- HBL Germany GmbH
- RAFAEL Advanced Defense Systems Ltd.
- TÜB?TAK Defense Industries Research and Development Institute
- VITZRO CELL
Please note:
- Online Access price format is valid for 60 days access. Printing is not enabled.
- PDF Single and Enterprise price formats enable printing.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: THERMAL BATTERIES FOR MILITARY MARKET, BY VOLTAGE
CHAPTER 5: THERMAL BATTERIES FOR MILITARY MARKET, BY APPLICATION
CHAPTER 6: THERMAL BATTERIES FOR MILITARY MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
- ASB GROUP
- Bren-Tronics, Inc.
- Diehl Stiftung & Co. KG
- EaglePicher Technologies, LLC
- EnerSys
- Epsilor-Electric Fuel Ltd.
- HBL Germany GmbH
- RAFAEL Advanced Defense Systems Ltd.
- TÜB?TAK Defense Industries Research and Development Institute
- VITZRO CELL
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 350 |
| Published | December 2024 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value ( USD | $ 149.1 million |
| Forecasted Market Value ( USD | $ 274.2 million |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
